# Polygon Labs

> Polygon Labs builds blockchain and payments infrastructure around Polygon Chain, Agglayer, Polygon CDK and the Open Money Stack. Its wager is that institutions, fintechs and developers want the speed and programmability of stablecoins without asking customers to manage bridges, gas, seed phrases or chain choices. After beginning as the Ethereum-scaling project Matic Network, the company has moved toward an integrated model spanning settlement, wallets, cross-chain routing and regulated fiat access.

- **Founded:** 2017
- **Headquarters:** George Town, Cayman Islands
- **Founders:** Jaynti Kanani (Co-founder), Sandeep Nailwal (Co-founder), Anurag Arjun (Co-founder), Mihailo Bjelic (Co-founder)
- **Team size:** Approximately 380 employees (third-party estimate supplied)
- **Products:** Polygon Chain (Polygon PoS), Polygon zkEVM, Polygon CDK, Agglayer, POL
- **Notable:** Launched the Matic/Polygon proof-of-stake mainnet in 2020 after founding the project in 2017., Raised $450 million in a 2022 private token sale led by Sequoia Capital India, with SoftBank and Tiger Global participating., Shipped Polygon zkEVM mainnet beta in 2023 and continued investing in zero-knowledge engineering, including the 2024 Toposware acquisition.

## Products & services

- **Polygon Chain (Polygon PoS)** — An EVM-compatible proof-of-stake network that executes transactions away from Ethereum mainnet, anchors checkpoints to Ethereum and targets low fees and fast settlement.
- **Polygon zkEVM** — An Ethereum-compatible zero-knowledge rollup designed to batch transactions and prove them on Ethereum.
- **Polygon CDK** — A chain development kit for institutions and developers to deploy customizable ZK-powered or sovereign chains with Agglayer connectivity.
- **Agglayer** — An interoperability layer intended to let connected chains share liquidity and move assets without conventional wrapped-token bridges while preserving chain sovereignty.
- **POL** — The ecosystem token that replaced MATIC as Polygon PoS's gas and staking token and is intended to support a wider set of Polygon services.
- **Open Money Stack** — A payments platform in technical preview that combines wallets, regulated fiat ramps, stablecoin transfers, orchestration and settlement through a single API.
- **Polygon Wallet and Portal** — Consumer-facing interfaces for sending, receiving, swapping, bridging and managing assets across Polygon infrastructure.

## Achievements

- Launched the Matic/Polygon proof-of-stake mainnet in 2020 after founding the project in 2017.
- Raised $450 million in a 2022 private token sale led by Sequoia Capital India, with SoftBank and Tiger Global participating.
- Shipped Polygon zkEVM mainnet beta in 2023 and continued investing in zero-knowledge engineering, including the 2024 Toposware acquisition.
- Migrated the network token from MATIC to POL, reported as 99% complete by the end of 2025.
- Reported more than $2.4 trillion in cumulative transfer volume and 159 million unique wallet addresses on its company About page in 2026.
- Put the Open Money Stack into limited technical preview in June 2026.
- Added native PYUSD support and Mento local-currency stablecoin infrastructure in July 2026.

## Latest updates

- **2026-07** — Mento Protocol launched local-currency stablecoin payment infrastructure on Polygon, beginning with a USDm/EURm liquidity pool.
- **2026-07** — PayPal USD became natively available on Polygon Chain through Paxos and the Open Money Stack.
- **2026-06** — The Open Money Stack entered technical preview with limited access to cash and bank ramps, custodial wallets, Polygon stablecoin transfers, APIs, webhooks, RBAC and SSO.
- **2026-06** — Polygon reported a chain upgrade supporting 5,000 payments per second and announced expanded Mastercard settlement activity.
- **2026-05** — Private USDC and USDT transfers went live in Polygon Wallet through Hinkal's zero-knowledge privacy layer.
- **2026-04** — Visa added Polygon as a settlement option for participating stablecoin issuers and acquirers.
- **2026-01** — Polygon Labs announced agreements to acquire Coinme and Sequence and introduced the Open Money Stack strategy.

## Links

- Website: https://polygon.technology
- LinkedIn: https://www.linkedin.com/company/polygonlabs/
- Twitter/X: https://x.com/0xPolygon
- GitHub: https://github.com/0xPolygon
- YouTube: https://www.youtube.com/PolygonTV
- Instagram: https://www.instagram.com/0xpolygon/
- Facebook: https://www.facebook.com/0xPolygon.Technology

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Profile page: https://yespress.io/polygon-labs
Published by YesPress — https://yespress.io
Last updated: 2026-08-14